All Blog Posts Tagged 'Statements' (3)
Solution Provider From the NCM Institute Blog: Are You Ready for a Disciplined Asset Management Process?
Several months ago, a long term client-dealer admitted to me that he was finally ready to drink the water from the horse trough that I’d been continually leading him to for the last 15 years. This dealer has always had a lot of financial resources, both business and personal. Because of these extensive resources, he never felt the need to become properly trained to truly understand his balance sheet or its importance. His was one of the balance sheets that I…Added by Garry House on July 24, 2012 at 3:08pm — No Comments
Solution Provider The Importance of Sub-Accounting for Auto Dealerships from NCM
At the conclusion of the NCMi webinar on “Finding the Missing Pieces to Improve Service and Parts Gross Profit,” one of the attendees questioned our recommendation as to the necessity for sub-accounting for automotive dealerships. Robin Cunningham, the NCM Institute faculty member who presented the webinar, suggested that our next Up To Speedarticle attempt to clarify this recommendation. So, here we go!
A meaningful sub-accounting process is a primary ingredient of…
ContinueAdded by Garry House on July 18, 2012 at 10:00am — No Comments
Solution Provider From the NCM Institute Blog: How Much Money Did Your Store Really Make Last Year?
By now, many of you have verified your dealership’s profitability for 2011. As most dealers, general managers and controllers understand, until we perform a final year-end reconciliation of each asset and liability account, the YTD profitability displayed on our income statement remains an unproven number. For some of you, this verification process will result in an upward adjustment to your 2011 profitability. However, experience tells me that most dealers…
ContinueAdded by Garry House on February 10, 2012 at 10:30am — No Comments
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